Monthly evaporated and condensed milk market report

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Material Information

Title:
Monthly evaporated and condensed milk market report
Physical Description:
A 92.10/4:nos
Language:
English
Publisher:
U.S. Department of Agriculture, Market News Service
Place of Publication:
Washington, D.C.

Subjects

Genre:
serial   ( sobekcm )

Notes

General Note:
Description based on: no.129 (May 1930); title from caption. Latest issue consulted: no.224 (May 1938) "Prices paid producers for 3.8% milk F.O.B. factory".

Record Information

Source Institution:
University of Florida
Holding Location:
University of Florida
Rights Management:
All rights reserved by the source institution.
Resource Identifier:
aleph - 26379885
oclc - 606885223
System ID:
AA00013239:00025


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UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(APRIL 1933)

No. 164 WASHINGTON, D. 0. APRIL 25, 1933
INFORMATION IN THIS REPORT REGARDING PRICES, STOCKS AND PRODUCTION IS FURNISHED
BY EVAPORATED AND CONDENSED MILK FIRMS OPERATING 98% OF THE TOTAL CASE GOODS FACTOR-
IES IN THE UNITED STATES.


S ECIRP PA I D PRODUCERS F


0 B. FACTORY FOR APRIL 1933


GOG HC SETONS NUMBER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS
REPORTING -. RANGE I AVERAGE
NEW ENGLAND- $ $-
MIDDLE ATLANTIC** 2 0.90-1.02 0.96"
SOUTH ATLANTIC 2 0. 0-0.83 0.82
E. NORTH CENTRAL 51 0.79-0.95 0.84
W. NORTH CENTRAL 6. 0.74-0.80 0.77
SOUTH CENTRAL 8 0.74-0.83 0.77
NORTH WESTERN 4 0.65-0.83 0.74
SOUTH VESTERN 7 0.67-0.79 0.74
U.S. APRIL, 1933 80 0.65-1.02 0.81
U.S. MARCH, 1933 82 0.65-1.12 _.0.82
U.S. APRIL, 1932 87 ___ 0.65-1.32 0.93


**58 ADDITIONAL FACTORIES REPORTED PRICES TO BE BASED IN PART ON THE' CURRENT MONTH'S
WHOLESALE BUTTER QUOTATION, 19 OF THESE BEING LOCATED IN N.Y. AND PA. II FACTORIES
REPORTED PRICES NOT DETERMINED AS YET AND 33 REPORTED PLANTS CLOSED. NO PRICE INFOR-
MATION.RECEIVED FROM REMAINING FIRMS. AVERAGE PRICES SHOWN FOR THE UNITED STATES DO
NOT INCLUDE ANY OF THESE FACTORIES.
45 FACTORIES WHICH DID NOT:ANNOUNCE PRICES IN ADVANCE REPORTED
PRICES ACTUALLY PAID FOR MARCH AS FOLLOWS:____
MIDDLE ATLANTIC 6 $0. 0.98 $0.93
E. 'NORTH CENTRAL 25 0.80-0.94 0.85
SOUTH CENTRAL 0.70 0.70
NORTH VESTERN 6 0.63-0.84 0.74
SOUTH WESTERN 7 0.75-0.86 0.82
NET WHOLESALE SELLING PRICES IN CAR LOTS F.O.B. DISTRIBUTING POINTS MARCH 1933
(CASE' GOODS)
THE WHOLESALE PRICES GIVEN BELOW ARE BASED ON THE REPORTS MADE BY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED AT MANUFACTURERSI DISTRIBUTING POINTS ON BASIS OF


CASH OR SHORT


TIME CREDIT.


EVAPORATED MILK CONDENSED MILK
F. 0. B. (PER CASE OF 48 14, Oz. CANS) (PER CASE OF 48 14 oz. CANS)
S RANGE AVERAGE RANGE AVERAGE
BOSTON $2.10-2.20 $2.13 $475-4.85 $4.82
NEW YORK CITY 2.10-2.16 2.12 4.75-4.85 4.82
PHILADELPHIA 2.00-2.20 2.11 4.75-4.85 4.82
CHICAGO 1.99-2.20 2.10 5.25 5.25
CLEVELAND 2.00-2.20 2.10 4.75 --4.75
ST. Louis 2.05-2.20 2.11
K'kNSAS CITY 2.10-2.20 2.13-
M NNEAPOLIS-ST.PAUL 1.90-2.20 2.09-
ATLANTA 2.10-2.20 2.13-
NEW ORLEANS 2.10-2.20 2.12 4.65-5.00 4.83
DENVER 2.10-2.20 2.13
SEATTLE 1.90-2.50 2.14
SAN FRANCISCO .. 1.95-2.40 2.13
Los ANGELES 1.95-2.40 2.13
AVERAGE WHOLESALEL E SELLING PRICES BY GEOGRAPHIC SECTIONS MARCH 1933
GEOGRAPHIC UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSED
SECTIONS (PER CASE OF PER CASE OF BULK PER CWT.)
E48 14-- z. CANS) 48 14 oz. CANS) UNSKIMN:ED SKIMMED
NEW ENGLAND $2.08 $4.87 $5.81 $3.81
MIDDLE ATLANTIC 2.08 4.87 6.63 4.37
SOUTH ATLANTIC 2.08 4.83 6.75 4.17
E. N. CENTRAL 2.08 5.25 6.50 3.89
W. N. CENTRAL 2.07 6.42' 4.00
SOUTH CENTRAL 2.08 5.00 6.75 4.17
NORTH WESTERN 2.06 6.75 4.17
SOUTH WESTERN 2.09 -_6.81 4.13
U. S. AVERAGE
MARCH 1933 $2.08 $4.93 $6.53 $4.09
U. S. AVERAGE
FEBRUARY 1933 $2.38 $4.93 $6.72 $4.06
U. S. AVERAGE
MARCH 1932 $2.55 $4.93 $7.53 $4.37
EVAPORATED MILK MARKETS FIRM CONDENSED MILK MARKETS ALSO STRONGER

EVAPORATED MILK MARKETS IN APRIL QUOTATIONS PREVAILING AT THE TIME OF
CONTINUED FIRM, ACCORDING TO THE U. S. SHIPMENT. BUTTER PRICES ADVANCED 3.
BUREAU OF AGRICULTURAL ECONOMICS. PRICES CENTS, AND CHEESE'PRICES I- CENTS DURING
WERE, IN FACT, WELL MAINTAINED SINCE THE THE PERIOD APRIL 14 TO 24.
DRASTIC CUT OF ABOUT 50 CENTS PER CASE
LATE IN FEBRUARY, BUT AN ADVANCE DURING EXCEPT FOR A REDUCTION OF0'-lO CENTS
THE WEEK OF APRIL 16 OF 10 TO 25 CENTS PER CWT. IN THE MIDDLE ATLANTIC SECTION,
PER CWT. IN THE PRICE PAID PRODUCERS FOR AVERAGE PRICES PAID PRODUCERS FOR 3.5 PER
MILK IN SOME OF THE MAJOR EVAPORATED MILK CENT MILK AT CONDENSERIES IN APRIL WERE
PRODUCING SECTIONS WAS THE CULMINATING ABOUT THE SAME AS IN MARCH, THE COMPOSITE
FACTOR TO AN ADVANCE, EARLY IN THE SAME PRICE FOR THE COUNTRY AS A WHOLE SHOWING
WEEK, OF 25 CENTS PER CASE IN THE 'WHOLE- A DECLINE OF BUT I CENT PER CWT., WHILE
SALE PRICE IN MANY LEADING MARKETS. EVEN THE PRICE DIFFERENCE, UNDER THE SAME
AT THE HIGHER PRICE LEVEL. DEALERS' MONTH A YEAR AGO, WA: REDUCED FROM 13
CONTINUED TO OPERATE RATHER CAUTIOUSLY IN CENTS IN MARCH TO 12 CENTS IN APRIL. IT
ANTICIPATION OF A FURTHER RISE IN VALUES, SHOULD BE MENTIONED, HOWEVER, THAT SOME
THE GENERAL POLICY BEING TO SELL ONLY AT UPWARD ADJUSTMENTS IN :':IC':.- i'AID F'i.O-
AN "OPEN" PRICE OR, IN OTHER WORDS, AT DUCERS WHICH AI:E REPORTED TO HAVE OCCURREf
(CONTINUED ON NEXT PAGE)
APRIL 1933







PAGE 2


STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD 3Y MANUFACTURERS REPORTING WHETHER THEIR
OWN OR STOCKS OF OTHERS; WHETHER ON THElIP OWN PREMISES, IN STORAGE, ON IN TRANSIT
(UNSOLD) FOR WAREHOUSE CONCIGNMEN'T: AND WHETHER R SOLD OR CONTRACTED FOR AND NOT
DELIVERED.
PRODUCTION FIGURES FOR THE CURRENT MONTHH INCLUDE: REPORTS FROM FIRMS OPERATING
APPROXIMATELY Sb3 OF THE TOTAL FACTORIES IN THE UNI TED STATES.


EVAPORATED MI LK
(CASE GOODS)


CONDENSED VI1LK
(CASE GOODS)


CONDENSED MILK
(BULK GOODS)


TOTAL STOCKS ON APR.. I, 1933
NO. OF FIRMS REPORTING*


COMPARISON
APRIL I,
MARCH I,
I CHANGE
FIRMS IN
APRIL I,
APRIL I,
o CHANGE
FIRMS IN


FOR SAME FIRMS:
1933
1933
DURING MONTH
COMPARISON'
1933
1932
FROM PREV. YEAR
COMPARISON*


COMPARISON FOR SAME FIRMS:
MARCH, 1933
FEBRUARY, 1933
% CHANGE DURING MONTH
FIRMS IN COMPARISON*
M'ARCH, 1933
MARCH, 1932
o CHANGE FROM PREV. YEAR
FIRMS IN COMPARISON*


50,571,155 LBS.
34

50,571,158 LBS.
10-1,085,120 LBs.
-49.989
34
50,571,156 LBS.
101,387,812 LBS.
-50.13%
34


140,453,237 LBS.
104,555,354 LBS.
+34.21%
S34
140,453,237 LBS.
119,094,787 LaS.
+17.93%


TOTAL STOCKS
5,934,927 LBS.
8

5,934,927 LBS.
7,830,741 LBS.
-24.21
8
5,934,927 LBS.
7,573,461 LBS.
-21.64
8
PRODUCTION

4,156,237 LBS.
4,359,435 LBS.
4.66s
7
4,156,237 LBS.
7,012,277 LBS.
-40.73%


5,384,773 LBS.
26

5,384,773 LBS.
5,243,163 LBS.
+ 2.70-o
26
5,145,065 LBS.
7,020,252 LBS.
-26.72'
22


6,175,998 LBS.
5,483,068 LBS.
+12.53%
25
5,783,016 LBs.
6,498,280 LBS.
-- .01'o
21


FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON /ARCH I, 1933 101,035,120 LBS. 7,830,741 LBS. 5,572,320 LBS.
ESTIMATED PRODUCTION MARCH,1933 141,090,381 LBS. 4,401,486 LBS. 10,178,644 LBS.
* FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.

AVERAGE DAILY PURCHASES PER PRODUCER*

MARCH FEBRUARY
1_933 3 I132 1933 1932**
TOTAL PURCHASES 278,171,386 LBS 271,737,345 LBS 235,172,943 LBS 243,553,248 LBS
NUMBER OF PRODUCERS *75,353 74,835 74,148 74,074
AVERAGE DAILY
PURCHASES PER
PRODUCER 119.08 LOB 117.13 LBS 113.27 LBS 113.38 LBS
PERCENTAGE CHANGES
IN 1933 COMPARED t 1.66 0.10
WITH 1932


PERCENTAGE CHANGE IN MARCH IS33
PERCENTAGE CHANGE IN MARCH 1932
*THESE FIGURES INCLUDE MILK PURCHASED
AND CONDENSED MILK.
** 29 DAY MONTH.


COMPARED WITH
COMPARED WITH
PRIMARILY FOR


FEBRUARY 1933 -
FEBRUARY 1932
THE MANUFACTURE OF


+ 5.13
+ 3.31
EVAPORATED


(CONTINUED FROM FIRST PAGE)


LAST WEEK ARE NOT INCLUDED IN THE ABOVE
REFERRED TO TABULATION. IN LINE WITH
HIGHER PRICES FOR THE RAW MATERIAL AND
ADVANCED WHOLESALE PRICES CAME ALSO
HIGHER RETAIL QUOTATIONS. IN SOME OF THE
LARGER CHAIN STORES IN THE EAST SOME
BRANDS CAN STILL BE BOUGHT FOR 5 CENTS
PER CAN, BUT THE MOPE COMMON RETAIL PRICE
IS NOW TWO CANS FOR II CENTS OR THREE
CANS FOR 17 CENTS.

EVAPORATED MILK PRODUCTION HAS
INCREASED RATHER MARKEDLY DURING RECENT
MONTHS, THE GREATER VOLUME BEING DUE PART-
LY TO HEAVIER MILK DELIVERIES PER PRO-
DUCER, BUT PRINCIPALLY TO A MORE AGGRESS-
IVE ATTITUDE ON THE PART OF CONDENSERY
OP'EATORS IN THE SOLICITATION OF RAW
MATERIAL. IN MARCH THE OUTPUT AMOUNTED TO
APPROXIMATELY 140,000,000 POUNDS, WHICH
WAS VERY CLOSE TO 18 PER CENT HEAVIER THAN
DURING THE SAME .'ONTH A YEAR AGO. THE
SEASONAL INCREASE IN THE MAKE, MARCH OVER
FEBRUARY, AMOUNTED TO 34 PER CENT, IN
COMPARISON WITH A 5-YEAR AVERAGE INCREASE
OF AROUND 22 PER CENT.

DESPITE THE HEAVIER PRODUCTION
HOWEVER, STOCKS WERE DRASTICALLY REDUCED,
TOTAL SUPPLIES OF EVAPORATED CASE GOODS
IN THE HANDS OF MANUFACTURERS ON APRIL I
TOTALED ONLY 50,600,000 POUNDS, THIS
FIGURE REPRESENTING A REDUCTION IN STOCKS
DURING MARCH OF VERY NEARLY 50 PER CENT.


APRIL I SUPPLIES OF EVAPORATED MILK WERE
ALSO BUT HALF AS HEAVY AS ON THE SAME
DATE A YEAR AGO, AND WERE, IN FACT, THE
LIGHTEST ON RECORD. THIS SHARP DECLINE
IN STOCK'S IS INDICATIVE OF THE UNUSUALLY
ACTrVE DEMAND DURING THE PERIOD OF LOWEST
PRICES IN LATE FEBRUARY, MARCH, AND THE
FIRST PART OF APRIL. WHILE CONSUMPTION
WAS LIKEWISE GOOD, IT IS REASONABLE TO
ASSUME THAT STOCKS IN THE HANDS OF -WHOLE-
SALE DISTRIBUTORS HAVE ABSORBED SOME OF
THE SUPPLIES HELD BY MANUFACTURERS PRIOR
TO THE DRASTIC PRICE REDUCTION. REPORTS
OF ACCUMULATIONS IN WHOLESALE GROCERSI
STOCKS VERIFY THE ABOVE ASSUMPTION.

CONDENSED MILK MARKETS HAVE DIS-
PLAYED A BUT MODERATE IMPROVEMENT DURING
APRIL AND PRICES HAVE, SO FAR IN THE
MONTH, HELD GENERALLY UNCHANGED. NEVER-
THE-LESS, THERE IS A STRONGER UNDERTONE
AS A RESULT OF THE RECENT ADVANCE IN
EVA -ORATED MILK AND MOST OTHE; DAIRY
PRODUCT PRICES. TRADING CONTINUES SLOW.
THE MOVEMENT INTO CONSUMPTION DURING
MARCH, HOWEVER, DID NOT ONLY ABSORB THE
NEARLY 5 PER CENT HEAVIER PRODUCTION THAN
A YEAR AGO, BUT ALSO REAJLTED IN A 13 PER
CENT REDUCTION IN STOCKS. TOTAL SUPPLIES
OF CONDENSED MILK ON APRIL I AMOUNTED TO
APPROXIMATELY 14,900,000 POUNDS, OR WERE
24 PER CENT LIGHTER THAN ON THE SAME DATE
A YEAR AGO, AND 39 PER CENT LIGHTER THAN
THE 5-YEAR AVERAGE.


APRIL 1933


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